Hello, according to previous analysis we have a big shark on W1 chart:
www.tradingview.com/...E-big-bullish-shark/
Price reacted nice to that level and the first impulse leg appeared to be finished.
Price made a deep pullback for wave 2 and now is ready to start a rally. I like this setup because the risk is very low compared with the potential reward.
We have also:
- Trendline support
- 1.61 fib extension.
SL and targets shown on chart.
A good opportunity with low risk.
Happy weekend.
www.tradingview.com/...E-big-bullish-shark/
Price reacted nice to that level and the first impulse leg appeared to be finished.
Price made a deep pullback for wave 2 and now is ready to start a rally. I like this setup because the risk is very low compared with the potential reward.
We have also:
- Trendline support
- 1.61 fib extension.
SL and targets shown on chart.
A good opportunity with low risk.
Happy weekend.